If you want to experience unprecedented growth in the new normal, effective team management is a proven way to scale up your business fast.
The Covid-19 pandemic pushed businesses of all shapes and sizes to adapt to working remotely or hybrid.
The question now is – How can business owners and CEOs manage people, teams, and performance in this new decade and post covid era? Discussed below are a few things, among others, that team leaders and entrepreneurs need to do more of in the future to see improved performance and increased productivity in the workplace.
Design an effective communication pathway
Ensure there is clear communication of the vision of the organization. Leaders in organizations are responsible for letting their team members know their vision and mission as an organization. Make your goals clearly known and communicate the plan to reach each goal. When your workforce understands the goals and how to get there, the result is efficiency, improved performance, and productivity in the workplace.
Share information about your organization’s strategies
The entirety of your strategy contains the organization’s strategic plan and involves creating value for customers, and fostering and maintaining a healthy position in the marketplace. It takes less than a year to complete strategic plans within an organization, which requires active involvement from all levels.
Involve the team in the entire process to boost their sense of belonging within the organization. When the workforce of an organization has a deep understanding of its strategic goals, they are empowered to perform better.
Portray the Future Vividly
Make sure each team member can picture the company’s future in their minds. This is why it’s important to have an organizational strategy and get everyone involved.
Create an Inclusive Atmosphere
It is crucial to encourage diversity in the workplace and create an ambiance that promotes trust. You can do this by conveying the organization’s values and encouraging team members to contribute to their quota. The team members need to know why certain decisions are made and should be given free will to express their opinions or ideas.
Offer Incentives for Outstanding Performance
Leaders have the power to fuel or drain the energy, value, focus, and purpose of their workforce through their small actions or inactions. Global Employee Net Promoter Score Study of 2019 establishes that recognition, feedback, and appreciation are among the top motivators for increased workers’ performance and loyalty.
When people work in an organization that fosters goodwill and rewards good performance, their overall efficiency is perceptibly enhanced, and this will be visible in the generated output. This can only happen when employers are willing to recognize and acknowledge team members that perform well in the workplace and give relevant feedback about the overall performance of workers from time to time.
Provide a Sense of Belonging
Giving the workforce a sense of meaning and belonging will motivate your team to work harder. Unfortunately, most businesses don’t recognize this. The lifeblood of any organization is connected to the performance of its workforce. Provide a sense of community inside your organization so everyone feels welcome and appreciated.
Boost Performance of Your Workforce
Providing your workforce with the necessary tools, resources, information, or skill will go a long way in making sure that the organization stays ahead of the competition at all times. We live in a constantly changing world, and your team needs to keep abreast of trends that will improve efficiency and productivity. This can be done when such workers receive adequate training or coaching from professionals, which will drastically reduce deficiencies while enhancing professional development.
What do millennials want in the new workplace?
The workplace is evolving, and it is high time leaders faced the new reality of the present day. According to Qualtrics, 64% of millennials say “benefits are extremely or significant to employer loyalty.” Bridge also reveals that “67% of millennials will opt to leave a job that lacks opportunities for growth and avenues for leadership development.” TINY Pulse adds that “workers with a good work-life balance are 10% more likely to stay at their present jobs than those who don’t.”
Managing performance in the new reality
As a result of the COVID-19 pandemic, many organizations experienced disruption to the continuity of their operations. Consequently, working from home, managing diverse teams at different locations, and virtual team meetings have become new realities for many organizations. Encourage your team members with incentives to acquire relevant digital skills to help them thrive in the new normal.
By creating a more humane workplace that enables workers to thrive in the new reality, organizations can improve workforce performance and business results. Leaders who focus on creating a resilient workforce will ultimately create wins for their organizations, shareholders, and customers.
Every organization should put the workforce’s well-being the first priority. When your teams are empowered, you create a thriving business making your industry thrive as well.
If your organization is experiencing lower workforce performance, lower productivity, or erratic performance, it is high time you embraced the corporate culture of putting people first. This strategy will also greatly benefit organizations that are doing well but want improved performance and increased productivity from their workforce.